: The plan involved renegotiating nearly €4 billion in debt with banks and securing a €477 million state-guaranteed loan (PGE).
In July 2020, AccorInvest launched a transformation plan aimed at securing its financial future after turnover dropped by 70% during the pandemic. Key elements included:
This reorganization eventually led to a total rebranding of the company to Essendi in 2025, signaling its final independence from the Accor Group , which plans to exit its remaining 30% stake by 2026. Hotel Owner And Operator AccorInvest Group Assign
: The group announced the cutting of 1,900 jobs globally as part of its effort to streamline operations.
: By late 2022, the group had completed nearly half of its planned asset sales, focusing on offloading non-strategic, less-profitable leased properties. Long-term Outcome